Showing posts with label Company Law. Show all posts
Showing posts with label Company Law. Show all posts

Applicability of Companies Act, 2013 in CS-June, 2015 Examinations


Companies Act, 2013 Applicability in 

CS-June, 2015 Examinations



Institute of Company Secretaries of India (ICSI) has issued clarification about applicability of the Companies Act, 2013 for Company Secretaries June, 2015 Examination.

New Study Material For CS-Students (Old Syllabus)

New Study Material For CS-Students (Old Syllabus)

[July 2014 Edition]


This New Study Material is available for the Students who are registered under Old Syllabus [i.e. 2007 Syllabus] of Company Secretaryship of ICSI.

Institute of Company Secretaries of India (ICSI) has issued New Study Material for its students registered under old Syllabus of CS-Executive, and CS-Professional Programme.


The edition has been issued by ICSI for the Students who have received the books under old edition and pursuing Examination under Executive Programme and  Professional Programme.

The Institute provides the study material on all subjects for the better practice of the students for upcoming examinations.

CS-Institute issued the Supplement material also for the students who carry the study material of 2013 Edition and going to appear in December-2014 Examination. 

The Study Material has been issued on ICSI official website [www.icsi.edu] for the students of Foundation Programme, Executive Programme and Professional Programme

Study Material is available for the following students-
  • Students of Executive Programme - Old Syllabus
  • Students of Professional Programme - Old Syllabus
According to the Suggested Answer PDF File issued by ICSI, "The objective of the study material is to provide students with the learning material acording to the syllabus of
the subject of the Programme"

Students can download the all Study Material by clicking the name of the Subject....



Study Material for CS-Executive Programme
[Old Syllabus]


Study Material for CS-Professional Programme
[Old Syllabus]



Supplement Material for CS-Students
[Old Syllabus]

Click here to Download....
  1. Supplement for CS-Executive Programme [Old Syllabus]
  2. Supplement for CS-Professional Programme [Old Syllabus]











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New Study Material For CS New Syllabus [July 2014 Edition]


New Study Material For CS-Students (New Syllabus)

[July 2014 Edition]


Institute of Company Secretaries of India (ICSI) has issued New Study Material for its students of CS-Foundation, CS-Executive, and CS-Professional Programme. This edition has been issued by ICSI in July, 2014 for the Students who have received the books under old edition.

The Institute provides the study material on all subjects for the better practice of the students for upcoming examinations.

CS-Institute issued the Supplement material also for the students who carry the study material of 2013 Edition and going to appear in December-2014 Examination. 

The Study Material has been issued on ICSI official website [www.icsi.edu] for the students of Foundation Programme, Executive Programme and Professional Programme

Study Material is available for the following students-
  • Students of Foundation Programme - New Syllabus
  • Students of Executive Programme - New Syllabus
  • Students of Professional Programme - New Syllabus
According to the Suggested Answer PDF File issued by ICSI, "The objective of the study material is to provide students with the learning material acording to the syllabus of
the subject of the Programme"

Students can download the all Study Material by clicking the name of the Subject....



Study Material for CS-Foundation Programme
[New Syllabus]



Study Material for CS-Executive Programme
[New Syllabus]



Study Material for CS-Professional Programme
[New Syllabus]




Supplement Material for CS-Students
[New Syllabus]

Click here to Download....
  1. Supplement for CS-Foundation Programme [For students having 2012 edition of study material]
  2. Supplement for CS-Executive Programme [For students having 2013 edition of study material]
  3. Supplement for CS-Professional Programme [For students having 2013 edition of study material]













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Companies Act, 2013 Applicability in CS-December, 2014 Examinations


Companies Act, 2013 Applicability in 

CS-December, 2014 Examinations


Institute of Company Secretaries of India (ICSI) has issued clarification about applicability of the Companies Act, 2013 for Company Secretaries December, 2014 Examination.

The Institute, by issuing clarification on its website, clarified that Provisions of Companies Act, 2013 shall be applicable for December, 2014 Examinations. Also, it has been clarified that the questions papers shall carry the questions from Companies Act, 2013.

Further, the clarification specifies that Companies Act, 1956 shall not be applicable for the CS-December, 2014 examinations. The question papers shall not carry the questions from Companies Act, 1956.



Applicable For

The clarification is applicable for the following students appearing in the following Papers:-

Students of Foundation Programme 

  • Business Environment and Entrepreneurship (Paper-1)
Students of Executive Programme

  • Company Law Paper (Module-1,  Paper-1)
  • Company Accounts and Auditing Practices (Module-2, Paper-5) 
  • Capital Markets and Securities Laws (Module 2, Paper 6) 
Students of Professional Programme 
  • Advanced Company Law and Practice (Module 1, Paper 1) 
  • Secretarial Audit, Compliance Management and Due Diligence (Module 1, Paper 2) 
  • Corporate Restructuring, Valuation and Insolvency (Module 1, Paper 3) 
  • Ethics, Governance and Sustainability (Module 2,Paper 6) 
  • Drafting, Appearances and Pleadings (Module 3, Paper 8) 
  • Capital, Commodity and Money Market (Module 3, Paper 9.2, Elective)




What is applicable..??

According to the clarification, Following are applicable in the examinations:-
  1. Provisions of the Companies Act, 2013
  2. Rules made under Companies Act, 2013
  3. Regulations made under Companies Act, 2013
  4. Notifications issued by MCA

Institute of Company Secretaries of India had provided the Study Material based on New Companies Act, 2013 on its official website website [www.icsi.edu] for the students gong to appear in Company Secretaries December, 2014 Examinations.

You can download the material by clicking the following links.....





To view the official clarification issued by ICSI, click the following link...






















Download Suggested Answers for Executive Programme - 2013

Download Suggested Answers For Executive Programme




Institute of Company Secretaries of India (ICSI) has issued suggested answers for its students. Institute issued the suggested answers for the students going to appear the Examination under New Syllabus.


Features of the Suggested Answers:
  • Easy to Understand
  • Helpful to study
  • Number of Test Papers - 3
  • Help to Exercise

Students can download the all suggested answers by clicking the name of the Paper....



Suggested Answers for Executive Programme












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Companies Act 2013 - 98 Sections has been Applicable

Companies Act 2013 in Action - 98 Sections comes into force from September 12, 2013


The Ministry of Corporate Affairs (MCA) has notified 98 key sections of the Companies Act 2013 which shall come into effect from today. 

The copy of Press release issued by PIB along with the copy of Notification dated September 12, 2013 issued by MCA giving details of provisions brought into effect is attached for your reference.

The sections so notified will come into effect from the date of notification i.e today (September 12, 2013). These are independent sections, which do not require the publication of rules. Currently, ministry is going through the process of receiving suggestions on draft rules. The Companies Act 2013 will have 470 sections. Other sections will come into effect after the rule making process is completed. 

The Companies Bill, 2013 was cleared by the Rajya Sabha during the monsoon session and has since received Presidential nod. 

This notification includes several provisions relating to several concepts which are being introduced for the first time. The sections notified in the first tranche includes one that deals with Private placement and public issue. The Companies Act,1956 did not define the concept of private placement leading to a major legal battle between market regulator Securities and Exchange Board of India( Sebi) and Sahara India Parivar. 

Another controversial section that made its debut is the one relating to insider trading. This provision is likely to create some friction between the MCA and Sebi, which has so far been regulating insider trading in the stock market under its own regulations. 

Further also include provisions relating to maximum number of persons in a private limited company, which is being increased from 50 to 200 and other sections relating to penal provisions for fraud in the company. 

The provisions relating to fraud found their way into the new companies Act following the lacuna found while dealing with Rs 8,200 crore Satyam Computer scam in 2009. The provisions containing the definition of “Associate Companies” also come into effect in the first tranche. 




Click here to see the official Notification issued by Ministry of Corporate Affairs..















TAX UPDATE FOR DECEMBER 2013 CS EXAMS



Clarification about Applicability of the latest Finance Act and other changes for Company Secretaries December, 2013 Examination



APPLICABLE ON

Institute of Company Secretaries of India (ICSI) has issued clarification about applicability of the latest Finance Act and other changes for Company Secretaries December, 2013 Examination.


The clarification is applicable for the following students:-


1. Students of Executive Programme 

  • For appearing in the Paper "Tax Laws (Old Syllabus)"
  • For appearing in the Paper "Tax Laws and Practice (New Syllabus)"

2. Students of Professional Programme 

  • For appearing in the Paper " Advanced Tax Laws and Practice "


DIRECT TAXES

Direct Taxes applicable for December 2013 Examination shall be Assessment Year 2013-14 (Previous Year 2012-13).

Students are advised to study:-

  1. Finance Act, 2012 for December 2012 Examination
  2. All the Circulars, Clarifications, Notifications, etc. issued by the CBDT & Central Government, on or before six months prior to the date of the respective examinations.



INDIRECT TAXES

Students appearing in ‘Executive Programme’ (in the ‘Tax Laws’) and 'Professional Programme' (in the 'Advanced Tax Laws and Practice') respectively may take note of the following changes applicable for December 2012 Examination.

  • All changes made by the Finance Act, 2013.
  • All Circulars, Clarifications/Notifications issued by CBEC / Central Government effective six months prior to the date of examination.



Students can see the Official Clarification by clicking the following link :-



Download Tax Amendments 
(For Executive Programme)




Download Tax Amendments
(For Professional Programme)




DISCLAIMER
 
The primary objective of this Site is to facilitate the learning process of the students so that they may not waste their valuable time due to incomplete information. The Information published here in this Site may not be fully or entirely correct, so please refer ICSI Website for accuracy and authenticity. Do not copy and print any contant published in this site.
 


Companies Act, 2013 Published in Official Gazette of India


Companies Act, 2013 Published in Official Gazette of India



The Companies Act, 2013 [previously The Companies Bill, 2012] has been published in Official Gazette of India on 30th August, 2013. However, the date of its applicability has not been decided by the Government of India till date.


The Act in Lok-Sabha

Earlier, The draft law was first introduced in 2008 and then The Companies Bill, 2012 was presented in Lok-Sabha [the Lower House of the Parliament of India] and  got passed on 18th December, 2012.  Its passage was ensured after the government accepted most of the recommendations made by a standing committee of Parliament led by former finance minister and Bharatiya Janata Party leader Yashwant Sinha.


The Act in Rajya-Sabha

The Companies Bill 2012 was in agenda of Mansoon Session of the Parliamnet in Rajya Sabha [the Upper House of the Parliament of India] and got passed by Rajya Sabha on 8th August 2013. After being passed in Rajya-Sabha, The Bill needed the consent of the President of India "Shri Pranab Mukherjee"


Consent of the President

The Companies Bill 2012 received assent of the President of India "Shri Pranab Mukherjee" on 29th August, 2013 and now it has become Companies Act 2013. After consented to by President , the new legislation replaced the 57-year-old Companies Act, 1956.


Next Steps after Consent

The next steps would be to finalize the Rules and define the procedural aspects of this Act. The Ministry of Corporate Affairs is expected to put the draft rules for public comments soon, and notify the relevant portions of this Act, in a step by step manner, along with the rules applicable.


Applicability of the Act

The Act shall be applicable and shall come into force on such date as the Central Government notifies in the Official Gazette of India.

Here is the Link to Download the Companies Act, 2013 as published in the Official Gazette of India on 30th August, 2013. Click here to Download...




Read more....